After Biden announced his withdrawal from the election, the yield on UK government bonds remained relatively stable

Golden Ten data, July 22nd news, as investors digested the news of Biden’s withdrawal from the US presidential race over the weekend, the UK government bond yields did not fluctuate much. Deutsche Bank analysts stated in a report, “It is currently difficult to say that the market will have a long reaction to this news.” Given the uncertainty of whether the Central Bank of the UK will cut interest rates at the next meeting, UK government bond investors are also waiting for the UK PMI data to be released on Wednesday to understand the country’s situation. Tradeweb data shows that the yield on 10-year UK government bonds has stabilized at 4.125%.